Mortgage Case Studies

The following case study is an actual case , which has been dealt with in the past 5 years.

 

Retail Unit Refinance
Location: Hull
Property Type: The property was a two storey retail unit being used as a hair dressing salon and with living accommodation above
Case details: Lent 50,000 on a valuation of 70,000. Accounts were provided and a margin of 4.75% over base was applied. The applicant purchased the site for his common law wife supporting the application with his two other businesses (car dealership and restaurant).
 
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*a proportion of these cases were dealt with directly through our mortgage provider and are here to provide you with an insight as to what mortgage problems can be dealt with
The overall cost for comparison is 10.53% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Early repayment charges apply. A broker fee of 1% may apply.  Your home may be repossessed if you do not keep up repayments on your mortgage.Our Financial Resources directory is available here